In the last 20 Years, the iShares MSCI Taiwan ETF (EWT) ETF obtained a 7.98% compound annual return, with a 22.37% standard deviation.
In 2022, the ETF granted a 11.35% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Taiwan ETF (EWT) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Blend
- Region: Developed Asia Pacific
- Country: Taiwan
Historical Returns as of Dec 31, 2022
Historical returns and Metrics of iShares MSCI Taiwan ETF (EWT) ETF.
- No fees or capital gain taxes
- the reinvestment of dividends
Metrics as of Dec 31, 2022 | |||||||||
---|---|---|---|---|---|---|---|---|---|
1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y |
MAX
(~22Y) |
|
Portfolio Return (%) |
-6.74 | 9.97 | -6.00 | -28.84 | 6.46 | 7.70 | 8.07 | 7.98 | 5.97 |
US Inflation (%) | -0.31 | 0.00 | 0.16 | 6.45 | 4.92 | 3.78 | 2.60 | 2.51 | 2.46 |
Infl. Adjusted Return (%) |
-6.45 | 9.97 | -6.15 | -33.16 | 1.47 | 3.78 | 5.33 | 5.34 | 3.43 |
Returns / Inflation rates over 1 year are annualized. | |||||||||
RISK INDICATORS | |||||||||
Standard Deviation (%) | 30.37 | 25.16 | 22.12 | 18.19 | 22.37 | 24.20 | |||
Sharpe Ratio | -1.00 | 0.23 | 0.30 | 0.41 | 0.31 | 0.08 | |||
Sortino Ratio | -1.78 | 0.34 | 0.42 | 0.57 | 0.44 | 0.12 | |||
MAXIMUM DRAWDOWN | |||||||||
Drawdown Depth (%) | -37.46 | -37.46 | -37.46 | -37.46 | -58.22 | -58.22 | |||
Start (yyyy mm) | 2022 01 | 2022 01 | 2022 01 | 2022 01 | 2007 11 | 2007 11 | |||
Bottom (yyyy mm) | 2022 10 | 2022 10 | 2022 10 | 2022 10 | 2009 01 | 2009 01 | |||
Start to Bottom (# months) | 10 | 10 | 10 | 10 | 15 | 15 | |||
Start to Recovery (# months) in progress |
> 12
|
> 12
|
> 12
|
> 12
|
42
|
42
|
|||
ROLLING PERIOD RETURNS - Annualized | |||||||||
Best Return (%) | 85.31 | 31.25 | 22.90 | 13.74 | 10.04 | ||||
Worst Return (%) | -52.06 | -16.87 | -8.98 | 2.07 | 6.13 | ||||
% Positive Periods | 68% | 87% | 91% | 100% | 100% | ||||
MONTHS | |||||||||
Positive | 0 | 1 | 2 | 3 | 20 | 35 | 71 | 134 | 145 |
Negative | 1 | 2 | 4 | 9 | 16 | 25 | 49 | 106 | 119 |
% Positive | 0% | 33% | 33% | 25% | 56% | 58% | 59% | 56% | 55% |
WITHDRAWAL RATES (WR) | |||||||||
Safe WR (%) | 42.81 | 25.14 | 13.78 | 9.07 | 5.81 | ||||
Perpetual WR (%) | 1.45 | 3.64 | 5.06 | 5.07 | 3.31 |
- Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
- Standard Deviation: it's a measure of the dispersion of returns around the mean
- Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
- Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
- Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
- Rolling Returns: returns over a time frame (best, worst, % of positive returns).
- Pos./Neg. Months: number of months with positive/negative return.
- Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
- Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
Correlations as of Dec 31, 2022
Monthly correlations of iShares MSCI Taiwan ETF (EWT) ETF vs the main Asset Classes, over different timeframes.
Correlation measures to what degree the returns of the two assets move in relation to each other.
If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
Columns are sortable (click on table header to sort).
Correlation vs EWT | |||||
---|---|---|---|---|---|
|
|||||
Asset Class | 1 Year | 5 Years | 10 Years | Since Jan 2001 |
|
US Total Stock Market VTI |
0.62
|
0.71
|
0.67
|
0.69
|
|
US Large Cap SPY |
0.64
|
0.70
|
0.66
|
0.67
|
|
US Small Cap IJR |
0.55
|
0.68
|
0.59
|
0.66
|
|
US REITs VNQ |
0.61
|
0.62
|
0.54
|
0.53
|
|
US Technology QQQ |
0.62
|
0.67
|
0.65
|
0.65
|
|
Preferred Stocks PFF |
0.75
|
0.67
|
0.60
|
0.47
|
|
EAFE Stocks EFA |
0.86
|
0.77
|
0.73
|
0.71
|
|
World All Countries VT |
0.77
|
0.78
|
0.75
|
0.75
|
|
Emerging Markets EEM |
0.96
|
0.88
|
0.86
|
0.82
|
|
Europe VGK |
0.81
|
0.76
|
0.69
|
0.69
|
|
Pacific VPL |
0.92
|
0.79
|
0.76
|
0.67
|
|
Latin America FLLA |
0.38
|
0.49
|
0.53
|
0.65
|
|
US Total Bond Market BND |
0.83
|
0.54
|
0.47
|
0.11
|
|
Long Term Treasuries TLT |
0.81
|
0.21
|
0.19
|
-0.13
|
|
US Cash BIL |
0.24
|
-0.16
|
-0.09
|
-0.11
|
|
TIPS TIP |
0.64
|
0.51
|
0.48
|
0.16
|
|
Invest. Grade Bonds LQD |
0.85
|
0.67
|
0.60
|
0.27
|
|
High Yield Bonds HYG |
0.65
|
0.69
|
0.66
|
0.57
|
|
International Bonds BNDX |
0.69
|
0.46
|
0.40
|
0.16
|
|
Emerg. Market Bonds EMB |
0.90
|
0.72
|
0.69
|
0.51
|
|
Gold GLD |
0.60
|
0.29
|
0.24
|
0.16
|
|
Commodities DBC |
0.28
|
0.44
|
0.38
|
0.37
|
Capital Growth as of Dec 31, 2022
Capital growth, returns, stats are calculated assuming a reinvestment of dividends.
If you are interested in getting periodic income, please refer to the iShares MSCI Taiwan ETF (EWT) ETF: Dividend Yield page.
The Inflation Adjusted Capital now would be 2828.28$, with a net total return of 182.83% (5.34% annualized).
The Inflation Adjusted Capital now would be 2099.05$, with a net total return of 109.91% (3.43% annualized).
Drawdowns
Worst drawdowns since January 2003.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-58.22% | Nov 2007 | Jan 2009 | 15 | Apr 2011 | 27 | 42 |
-37.46% | Jan 2022 | Oct 2022 | 10 | in progress | 2 | 12 |
-26.19% | May 2011 | Sep 2011 | 5 | May 2014 | 32 | 37 |
-22.68% | May 2015 | Jan 2016 | 9 | Jan 2017 | 12 | 21 |
-22.47% | Mar 2004 | Jul 2004 | 5 | Dec 2005 | 17 | 22 |
-19.84% | Jan 2020 | Mar 2020 | 3 | Jul 2020 | 4 | 7 |
-15.59% | Feb 2018 | Dec 2018 | 11 | Oct 2019 | 10 | 21 |
-15.15% | Feb 2003 | Apr 2003 | 3 | Jun 2003 | 2 | 5 |
-11.34% | May 2006 | Jul 2006 | 3 | Nov 2006 | 4 | 7 |
-7.51% | Sep 2014 | Sep 2014 | 1 | Apr 2015 | 7 | 8 |
-6.23% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 |
-4.89% | Nov 2003 | Nov 2003 | 1 | Jan 2004 | 2 | 3 |
-4.82% | Jan 2007 | Apr 2007 | 4 | May 2007 | 1 | 5 |
-4.54% | Sep 2021 | Sep 2021 | 1 | Dec 2021 | 3 | 4 |
-3.68% | Sep 2017 | Sep 2017 | 1 | Oct 2017 | 1 | 2 |
-3.38% | May 2021 | May 2021 | 1 | Aug 2021 | 3 | 4 |
-2.62% | Nov 2017 | Nov 2017 | 1 | Jan 2018 | 2 | 3 |
-1.91% | Aug 2007 | Aug 2007 | 1 | Sep 2007 | 1 | 2 |
-1.46% | Aug 2020 | Aug 2020 | 1 | Sep 2020 | 1 | 2 |
-1.26% | Sep 2003 | Sep 2003 | 1 | Oct 2003 | 1 | 2 |
Worst drawdowns since January 2001.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-58.22% | Nov 2007 | Jan 2009 | 15 | Apr 2011 | 27 | 42 |
-45.68% | Feb 2001 | Sep 2001 | 8 | Jan 2006 | 52 | 60 |
-37.46% | Jan 2022 | Oct 2022 | 10 | in progress | 2 | 12 |
-26.19% | May 2011 | Sep 2011 | 5 | May 2014 | 32 | 37 |
-22.68% | May 2015 | Jan 2016 | 9 | Jan 2017 | 12 | 21 |
-19.84% | Jan 2020 | Mar 2020 | 3 | Jul 2020 | 4 | 7 |
-15.59% | Feb 2018 | Dec 2018 | 11 | Oct 2019 | 10 | 21 |
-11.34% | May 2006 | Jul 2006 | 3 | Nov 2006 | 4 | 7 |
-7.51% | Sep 2014 | Sep 2014 | 1 | Apr 2015 | 7 | 8 |
-6.23% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 |
-4.82% | Jan 2007 | Apr 2007 | 4 | May 2007 | 1 | 5 |
-4.54% | Sep 2021 | Sep 2021 | 1 | Dec 2021 | 3 | 4 |
-3.68% | Sep 2017 | Sep 2017 | 1 | Oct 2017 | 1 | 2 |
-3.38% | May 2021 | May 2021 | 1 | Aug 2021 | 3 | 4 |
-2.62% | Nov 2017 | Nov 2017 | 1 | Jan 2018 | 2 | 3 |
-1.91% | Aug 2007 | Aug 2007 | 1 | Sep 2007 | 1 | 2 |
-1.46% | Aug 2020 | Aug 2020 | 1 | Sep 2020 | 1 | 2 |
-0.32% | Jul 2014 | Jul 2014 | 1 | Aug 2014 | 1 | 2 |
Rolling Returns ( more details)
iShares MSCI Taiwan ETF (EWT) ETF: annualized rolling and average returns
Rolling Period |
Return (*) | Negative Periods |
||
---|---|---|---|---|
Average (%) | Best (%) | Worst (%) | ||
1 Year |
9.70 |
85.31 Apr 2020 - Mar 2021 |
-52.06 Mar 2008 - Feb 2009 |
31.62% |
2 Years |
8.70 |
53.94 Feb 2009 - Jan 2011 |
-26.98 Feb 2007 - Jan 2009 |
23.24% |
3 Years |
8.00 |
31.25 Jan 2019 - Dec 2021 |
-16.87 Feb 2006 - Jan 2009 |
13.10% |
5 Years |
7.33 |
22.90 May 2016 - Apr 2021 |
-8.98 Mar 2004 - Feb 2009 |
8.78% |
7 Years |
6.64 |
14.94 Jan 2015 - Dec 2021 |
-5.05 Feb 2002 - Jan 2009 |
2.76% |
10 Years |
6.70 |
13.74 Jan 2012 - Dec 2021 |
2.07 Feb 2006 - Jan 2016 |
0.00% |
15 Years |
6.56 |
9.60 Sep 2006 - Aug 2021 |
1.72 Feb 2001 - Jan 2016 |
0.00% |
20 Years |
7.88 |
10.04 Oct 2001 - Sep 2021 |
6.13 Feb 2001 - Jan 2021 |
0.00% |
If you need a deeper detail about rolling returns, please refer to the iShares MSCI Taiwan ETF (EWT) ETF: Rolling Returns page.
Seasonality
iShares MSCI Taiwan ETF (EWT) ETF: in which months is it better to invest?
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.19
60% |
-0.54
20% |
-0.88
60% |
1.85
60% |
-1.54
60% |
0.61
60% |
3.59
80% |
-0.41
40% |
-2.60
40% |
-1.30
60% |
7.26
100% |
2.65
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.19
|
100.64
|
99.76
|
101.60
|
100.04
|
100.65
|
104.26
|
103.83
|
101.13
|
99.81
|
107.06
|
109.89
|
Best |
6.7 2018 |
5.6 2021 |
4.6 2018 |
12.3 2020 |
2.1 2022 |
8.2 2020 |
10.9 2020 |
2.2 2021 |
4.2 2019 |
6.8 2019 |
22.0 2022 |
9.4 2020 |
Worst |
-7.7 2020 |
-5.2 2018 |
-11.9 2020 |
-9.0 2022 |
-7.7 2019 |
-11.6 2022 |
-0.6 2021 |
-2.1 2022 |
-14.2 2022 |
-12.1 2018 |
0.5 2018 |
-6.7 2022 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
0.31
50% |
1.37
60% |
0.55
60% |
1.62
70% |
-0.37
60% |
1.10
60% |
2.26
70% |
-0.51
50% |
-1.80
40% |
1.23
80% |
2.81
60% |
0.84
50% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
100.31
|
101.69
|
102.25
|
103.91
|
103.53
|
104.67
|
107.04
|
106.49
|
104.58
|
105.87
|
108.84
|
109.76
|
Best |
7.3 2017 |
5.6 2021 |
7.9 2016 |
12.3 2020 |
3.2 2014 |
8.2 2020 |
10.9 2020 |
4.8 2014 |
4.5 2016 |
6.8 2019 |
22.0 2022 |
9.4 2020 |
Worst |
-7.7 2020 |
-5.2 2018 |
-11.9 2020 |
-9.0 2022 |
-7.7 2019 |
-11.6 2022 |
-6.8 2015 |
-9.2 2015 |
-14.2 2022 |
-12.1 2018 |
-2.7 2015 |
-6.7 2022 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.65
50% |
0.25
50% |
1.30
64% |
1.71
55% |
-0.41
50% |
-0.43
50% |
0.50
55% |
-0.23
45% |
-2.02
45% |
1.18
68% |
2.20
64% |
3.02
64% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.65
|
101.91
|
103.23
|
104.99
|
104.56
|
104.11
|
104.63
|
104.40
|
102.29
|
103.50
|
105.77
|
108.97
|
Best |
23.7 2001 |
12.7 2008 |
18.3 2009 |
26.6 2009 |
12.4 2003 |
9.6 2007 |
14.3 2003 |
8.9 2003 |
13.7 2009 |
10.3 2001 |
22.0 2022 |
21.5 2001 |
Worst |
-10.3 2009 |
-9.7 2003 |
-11.9 2020 |
-9.0 2022 |
-10.6 2010 |
-12.9 2008 |
-16.5 2001 |
-9.4 2011 |
-20.0 2001 |
-18.4 2008 |
-12.3 2007 |
-6.7 2022 |
Monthly/Yearly Returns
iShares MSCI Taiwan ETF (EWT) ETF data source starts from January 2001: let's focus on monthly and yearly returns.
- Histogram: it shows the distribution of the returns recorded so far
- Plain Table: it shows the detailed monthly and yearly returns
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2022 |
-28.84 | -33.16 | -2.6 | -1.5 | -3.9 | -9.0 | 2.1 | -11.6 | 1.7 | -2.1 | -14.2 | -3.3 | 22.0 | -6.7 |
2021 |
+28.94 | +20.47 | 4.3 | 5.6 | 2.6 | 7.6 | -3.4 | 2.5 | -0.6 | 2.2 | -4.5 | 1.6 | 2.6 | 5.8 |
2020 |
+31.50 | +29.74 | -7.7 | -1.4 | -11.9 | 12.3 | 0.4 | 8.2 | 10.9 | -1.5 | 2.2 | 0.6 | 9.5 | 9.4 |
2019 |
+33.33 | +30.35 | 5.3 | -0.3 | 4.2 | 3.6 | -7.7 | 5.7 | 0.9 | -1.0 | 4.2 | 6.8 | 1.6 | 6.9 |
2018 |
-9.92 | -11.61 | 6.7 | -5.2 | 4.6 | -5.3 | 0.9 | -1.7 | 5.0 | 0.3 | -0.6 | -12.1 | 0.5 | -2.1 |
2017 |
+26.85 | +24.23 | 7.3 | 2.8 | 2.6 | 1.6 | 1.8 | 4.0 | 2.3 | 2.4 | -3.7 | 5.5 | -2.6 | 0.4 |
2016 |
+17.72 | +15.33 | -3.4 | 4.1 | 7.9 | -5.8 | 2.1 | 5.3 | 7.0 | 0.0 | 4.5 | 0.4 | -2.5 | -2.2 |
2015 |
-12.87 | -13.51 | 0.8 | 5.1 | -1.6 | 4.4 | -0.6 | -3.4 | -6.8 | -9.2 | -1.5 | 5.6 | -2.7 | -2.7 |
2014 |
+6.86 | +6.06 | -5.9 | 3.6 | 2.3 | 1.7 | 3.2 | 4.6 | -0.3 | 4.8 | -7.5 | 2.9 | 0.6 | -2.5 |
2013 |
+7.85 | +6.25 | -1.6 | 0.9 | -1.3 | 4.9 | -2.6 | -2.5 | 2.5 | -1.1 | 3.3 | 4.3 | -1.0 | 2.1 |
2012 |
+18.65 | +16.62 | 8.9 | 6.7 | -1.4 | -4.5 | -5.8 | 1.3 | -0.5 | 4.0 | 5.7 | -5.8 | 7.5 | 2.5 |
2011 |
-21.87 | -24.12 | -0.3 | -5.3 | 0.8 | 7.7 | -1.5 | -3.7 | -0.1 | -9.4 | -14.0 | 9.7 | -4.6 | -1.2 |
2010 |
+22.76 | +20.95 | -6.9 | -2.5 | 6.6 | 1.3 | -10.6 | -1.4 | 10.8 | -2.2 | 11.6 | 2.6 | 1.4 | 13.0 |
2009 |
+73.75 | +69.14 | -10.3 | 0.1 | 18.3 | 26.6 | 10.3 | -10.5 | 12.3 | -4.3 | 13.7 | -5.8 | 5.3 | 7.8 |
2008 |
-45.23 | -45.28 | -8.9 | 12.7 | 2.7 | 4.5 | -2.0 | -12.9 | -7.0 | -0.8 | -17.1 | -18.4 | -11.7 | 5.8 |
2007 |
+6.34 | +2.17 | -2.0 | -2.0 | 0.1 | -0.9 | 5.7 | 9.6 | 1.6 | -1.9 | 5.4 | 8.0 | -12.3 | -3.1 |
2006 |
+18.74 | +15.80 | 8.0 | -6.2 | 0.7 | 8.7 | -7.0 | -0.4 | -4.3 | 1.9 | 2.4 | 3.4 | 9.7 | 2.1 |
2005 |
+4.62 | +1.16 | -2.3 | 5.6 | -6.9 | -1.8 | 4.2 | 2.1 | 1.2 | -4.1 | -0.3 | -5.6 | 7.3 | 6.3 |
2004 |
+8.04 | +4.63 | 8.7 | 3.4 | -3.6 | -8.3 | 0.6 | -3.7 | -9.4 | 8.6 | 0.6 | -0.1 | 5.3 | 7.8 |
2003 |
+38.18 | +35.63 | 9.3 | -9.7 | -3.2 | -3.0 | 12.4 | 5.2 | 14.3 | 8.9 | -1.3 | 6.0 | -4.9 | 1.6 |
2002 |
-24.40 | -26.15 | 5.3 | -2.9 | 8.6 | -2.4 | -4.1 | -7.4 | -14.0 | -1.3 | -13.1 | 9.3 | 3.9 | -6.2 |
2001 |
+2.06 | +0.50 | 23.7 | -8.2 | 0.2 | -6.4 | -7.6 | 1.3 | -16.5 | 0.8 | -20.0 | 10.3 | 13.3 | 21.5 |